A business plan is a road map in running your business. This is a plan that will guide you on you are going to do WHAT, WHEN and HOW to do it. A
business plan will also help you see more clearly about the type of
business to be your path, who will become your customer, and what
products or services that you offer.
you plan to borrow funds to start your business, whether it be from a
bank or investor, then you must make a formal business plan (formal
business plan). Formal
business plan will provide a summary of the business and market, and
will discuss in details about your products, customers and market share
(market), supplier, estimated profit, competition analysis, and others.
Formal business plan can be reached 20 pages and it took many months to complete.
On the other hand, small business owners do not need to create a formal business plan to start their business. Often they create a business plan in the form of notes during brainstorming or in outline form. To start, this is enough.
The important thing is to write a plan. Often
small business owners start a business with no plan at all, so that
their ideas became vague, and they do not know what they should do next.
writing a plan, though it be a brainstorming
notes, you will get a
clearer picture about the type of business you want, and how the
business should grow over time.
Here are the things you should think about when writing your business plan:
1. What business would you start?
Shop? Professional services? Website Online?
2. What is the purpose of your business?
A business can be started as fun, but if you want to benefit, you must know why you started your business. Is it to meet the specific needs of customers? Or create something that has never existed before?
3. How will your business make money?
Are you going to sell the product, and if so what? You will get the product from? At what price you will buy it and how you will sell?
4. Who are some who will be your customers?
Know your customers is the main thing in writing a business plan. If
you know that your customers are those with limited income, you
certainly can not sell products or services at millions of dollars. Knowing who your customers will also help in the course of your advertising and marketing.
5. How do you get those customers?
For example, if you plan to call him one by one, or you will hire a great sales team? You have to know how you get customers. If not, your business will not thrive.
Of course the points above are just basic steps in creating a business plan, but these points are most important.